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NET 1 UEPS TECHNOLOGIES INC - Net1 Extends Date to Meet All Conditions Contained in BEE Relationship Agreements to April 15, 2014

Release Date: 19/03/2014 08:00
Code(s): NT1     PDF:  
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Net1 Extends Date to Meet All Conditions Contained in BEE Relationship Agreements to April 15, 2014

Net 1 UEPS Technologies, Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: UEPS
JSE share code: NT1
ISIN: US64107N2062
(“Net1” or “the Company”)

Net1 Extends Date to Meet All Conditions Contained in BEE Relationship Agreements to
April 15, 2014

Johannesburg, South Africa, March 19, 2014 – Net1 (Nasdaq: UEPS; JSE: NT1) today
announced that on March 14, 2014, it signed a second addendum to each of the Relationship
Agreements dated December 10, 2013, in order to extend the date to meet all conditions
contained in the Relationship Agreements from March 15, 2014 to April 15, 2014.

The foregoing description of the addendum to each of the Relationship Agreements does not
purport to be complete and is qualified in its entirety by reference to the full text of the
addendum to each of the Relationship Agreements, copies of which were filed as exhibits on a
Form 8-K with the United States Securities and Exchange Commission on March 18, 2014.

About Net1 (www.net1.com)

Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic
Payment System, or UEPS, to facilitate biometrically secure, real-time electronic transaction
processing to unbanked and under-banked populations of developing economies around the
world in an online or offline environment. Net1’s UEPS/EMV solution is also completely
interoperable with global EMV standards that seamlessly permit access to all the UEPS
functionality in a traditional EMV environment. In addition to payments, UEPS can be used for
banking, healthcare management, payroll, remittances, voting and identification.

Net1 operates market-leading payment processors in South Africa, Republic of Korea, and
Ghana. In addition, Net1’s proprietary Mobile Virtual Card technology offers secure mobile
payments and banking services in developed and emerging countries while its MediKredit and
XeoHealth subsidiaries provide its proprietary 5010 and ICD-10 compliant real-time claims
adjudication system.

Net1 has a primary listing on the Nasdaq and a secondary listing on the JSE Limited.
Forward-Looking Statements

This announcement contains forward-looking statements that involve known and unknown risks
and uncertainties. A discussion of various factors that cause our actual results, levels of activity,
performance or achievements to differ materially from those expressed in such forward-looking
statements are included in our filings with the Securities and Exchange Commission. We
undertake no obligation to revise any of these statements to reflect future events.

Investor Relations Contact:

Dhruv Chopra
Head of Investor Relations
Phone: +1-917-767-6722
Email: dchopra@net1.com

Johannesburg
March 19, 2014

Sponsor:
Deutsche Securities (SA) Proprietary Limited

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